SHELTON ECONOMIC DEVELOPMENT CORP (EIN 061092685) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

WILLIAM PARTINGTON

Phone

2039242521

Tax Period

2023-01-01 to 2023-12-31

SHELTON ECONOMIC DEVELOPMENT CORP, founded in 1983, is a small nonprofit that reported $410K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

ADVANCE THE ECONOMIC DEVELOPMENT AND PUBLIC WELFARE OF THE CITY OF SHELTON BY INCREASING EMPLOYMENT OPPORTUNITIES AND EXPANDING BUSINESS AND INDUSTY FOR THE CITIZENS OF THE AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $408,392

Program Service Revenue $0

Investment Income $1,211

Other Revenue $0

TOTAL REVENUE $409,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,676

Fundraising Expenses $0

Program Expenses $304,556

Other Expenses $131,751

TOTAL EXPENSES $414,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,603	$513,356	-0.2%
Expenses	$414,427	$534,227	-0.2%
Net Income	$-4,824	$-20,871	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL GRIMMER	PRESIDENT	N/A	Officer	$0	$0	$0
WILLIAM PARTINGTON	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
PATRICK CAREY	VICE CHAIR	N/A	Officer Director	$0	$0	$0
ALBERTO MARTINS	TREASURER	N/A	Officer Director	$0	$0	$0
MICHELLE KAWALAUTZKI	VICE CHAIR	N/A	Officer Director	$0	$0	$0
FRED RUGGIO	SECRETARY	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$409,603	$414,427	$302,389	$-4,824
2022	$513,356	$534,227	$314,497	$-20,871
2021	$559,919	$590,709	$225,396	$-30,790
2020	$421,968	$409,704	$225,928	$12,264
2019	$335,900	$426,469	$239,221	$-90,569
2018	$382,047	$405,983	$304,250	$-23,936

SHELTON ECONOMIC DEVELOPMENT CORP